Harrogate drinks manufacturer secures multi-million pound funding for management buyout

A Yorkshire drinks manufacturer has announced that it has received an eight-figure funding package to support a management buyout.

Corinthian Brands (CBL), based in Harrogate, has received a multi-million pound funding package from alternative finance provider ThinCats.

The company will use the funds for the management buyout of St Helier Beverage Company Jersey, the parent company of Corinthian Brands.

CBL owns several drinks brands including Dragon Soop, HCC Cider, Lamcello ‘Posh Perry’, St. Helier sparkling fruit beverages and Old Style Ginger Beer.

Paul Burton of Corinthian Brands commented: “Our senior management team’s wealth of experience in the drinks industry has led to an impressive product portfolio, which we are constantly evolving and developing.

“This funding package will allow us to further boost our plans and enable us to bring more new and innovative products to our customers.”

Andrew Barnsley, managing partner of Adam Street Advisers, said: “We have supported John and Paul on three transactions over 12 years.

“The recent MBO enables the business to go forward with a new generation of managers supported with a funding package from a highly innovative, alternative funding provider.”

Dave Sherrington, regional head of sales in London for ThinCats, added: “John and Paul are a force to be reckoned with, having a phenomenal sixty years of knowledge and experience of the drinks industry between them.

“Their plans for the future of the business are impressive, and we have no doubt that this funding will launch the business into another successful phase.”

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